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Mayor: legal dispute is stalling development at Spot at Myra; city seeks to recover infrastructure costs
Summary
City officials told council the Spot at Myra site on Medical Parkway is tied up in a legal dispute between Market Space Capital and Prime (the original owner), limiting new development interest; the mayor said the city has spent roughly $2.14 million on infrastructure and will pursue recovery while pausing outreach until the dispute is resolved.
City officials told the Farmers Branch City Council on Jan. 7 that development of the Spot at Myra site (12150 Medical Parkway) is stalled by an ongoing legal dispute between Market Space Capital and the property’s original owner, Prime Real Estate (Prime). The mayor said the parties must resolve that dispute before other developers can move forward.
Perla Tavera, director of economic development, tourism and planning, summarized the site as part of Planned Development 18 and said the conceptual plan submitted included 306 units across three subdistricts and that city infrastructure work on the site was completed in November 2024. Tavera told council she has received only one developer inquiry beyond the initial contact and was seeking direction.
Mayor Terry Lynn said he has been briefed directly by Market Space Capital and the city manager, and that a legal matter between Market Space and Prime must be resolved before development can progress. He also noted that Prime (the original owner) is separate from Dallas Medical Center and that progress on the site should not be conflated with the hospital’s operations. The mayor said the city is concerned with recovering the public funds used to complete infrastructure work: he stated the city will seek to recover $2,139,000 it spent on paving and drainage repairs, and city staff noted an infrastructure figure shown in the staff presentation (approximately $2,211,575) in the packet.
Councilmembers discussed whether the city should proactively solicit other developers. Staff and the mayor recommended pausing further outreach while the court matter is resolved; councilmembers asked staff to monitor other developer interest so the city can act once ownership issues clear.
Economic development staff said detailed materials from Market Space were provided to the city in late November or early December and the city manager holds copies of those documents. Mayor Lynn said he has been contacted by multiple developers expressing interest, but described the ownership dispute as an impediment to any immediate negotiation or sale.
Council did not take formal action but asked staff to track interested developers and to pursue recovery of the city’s infrastructure expenditures as appropriate once the ownership and legal questions are resolved.
